Greece: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in Greece

The Greek optical fiber cables market stood at $X in 2022, with an increase of 8.8% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Optical Fiber Cables Production in Greece

In value terms, optical fiber cables production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 64% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Optical Fiber Cables Exports

Exports from Greece

In 2022, approx. X tons of optical fiber cables were exported from Greece; which is down by -24.8% compared with the previous year. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 127% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, optical fiber cables exports rose sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 148%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Bulgaria (X tons) and Belgium (X tons) were the main destinations of optical fiber cables exports from Greece, together accounting for 64% of total exports. The UK, Italy, Cyprus, Croatia, Hungary, Luxembourg and Austria lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +46.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for optical fiber cables exported from Greece worldwide, with a combined 69% share of total exports.

Among the main countries of destination, Belgium, with a CAGR of +248.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average optical fiber cables export price stood at $X per ton in 2022, increasing by 48% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, optical fiber cables export price increased by +85.9% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Fiber Cables Imports

Imports into Greece

In 2022, the amount of optical fiber cables imported into Greece dropped modestly to X tons, remaining relatively unchanged against the previous year's figure. In general, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 238%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, optical fiber cables imports declined to $X in 2022. Overall, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 136%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of optical fiber cables to Greece, with a 39% share of total imports. Moreover, optical fiber cables imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Ecuador (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.3% per year) and Ecuador (0.0% per year).

In value terms, China ($X), Germany ($X) and Belgium ($X) constituted the largest optical fiber cables suppliers to Greece, with a combined 57% share of total imports. The Czech Republic, Morocco, Norway, Ecuador, Italy, Turkey and Hungary lagged somewhat behind, together accounting for a further 30%.

Morocco, with a CAGR of +240.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average optical fiber cables import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, optical fiber cables import price increased by +52.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 49% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :